Nickel News

 

Nickel output decreased due to scheduled short-term repairs of furnaces at Nadezhda Metallurgical Plant and Copper Plant and a grinding mill at Talnakh Concentrator, the company said...

Turkish billionaire Robert Yuksel Yildirim is on a $2 billion hunt for nickel mines, betting that the battery metal's price will rebound and that the West will want those supplies to cut its reliance on China....

Here are the European commodity winners and losers to watch this week....

Auch an den Industriemetallmärkten setzte nach der Ankündigung eines 90-tägigen Aussetzens der meisten reziproken US-Zölle eine Erholung ein. Allerdings halten wir das weitere Erholungspotenzial vorerst für begrenzt. Zum einen ist unklar, was in 3 Monaten mit den Zöllen passiert, weshalb sich Unternehmen und Verbraucher vorerst noch zurückhalten dürften. Zum anderen ist die Zollspirale zwischen den USA und China noch im vollen Gange. Mittlerweile belaufen sich die US-Strafzölle auf die meisten chinesischen Güter auf satte 145%..

The London Metal Exchange has fined warehouse operator Access World £60,000 ($77,316) for erroneously loading out nickel from a depot in Rotterdam in 2022, five months before the discovery that some of the metal it was holding for clients was fake....

Panasonic Energy hat in Japan eine Recyclingkooperation mit dem Rohstoffkonzern Sumitomo Metal Mining geschlossen. Bei der Vereinbarung geht es um die Rückgewinnung und Wiederverwendung von Nickel aus dem Batterie-Ausschuss, der in Panasonics Werk in Osaka anfällt....

Officials say one person is dead and two are missing after a nickel waste disposal site collapsed on Indonesia's Sulawesi Island...

Officials say one person is dead and two are missing after a nickel waste disposal site collapsed on Indonesia's Sulawesi Island...

Elliott Associates said that the FCA's decision last week to fine the exchange nearly £10m over its handling of the scandal 'vindicated' its position....

The exchange, famous for its central 'ring' where traders make deals, failed to ensure it could deal with 'severe market stress', the FCA said....

Exchange was 'unprepared' for the risks that emerged when Russia's invasion of Ukraine caused a price riseBusiness live latest updatesThe London Metal Exchange has been fined £9.2m by the City watchdog for mishandling the nickel market chaos in 2022, marking the regulator's first penalty against a top investment exchange.The Financial Conduct Authority investigation showed that the LME was unprepared for the “serious risks” that emerged in March that year, when Russia's invasion of Ukraine caused a surge in the price of nickel. Continue reading......

Heavy rains and strong winds battered Bahodopi Sub-district, Morowali Regency, Central Sulawesi, on March 17, triggering severe flooding in Lalampu and Labota villages....

The U.K's financial regulator says the LME's systems and controls were inadequate....

Elliott Investment Management was refused permission to take its case against the London Metal Exchange over the 2022 nickel crisis to the UK Supreme Court....

The Financial Conduct Authority has fined the London Metal Exchange £9.2 million ($11.9 million) for having inadequate systems and controls to deal with a massive short squeeze in the nickel market in 2022....

Vladimir Potanin also believes that Russia "could well fit into this new economic legal order as a full-fledged participant"...

According to Vladimir Potanin, "inconsistency is the most undesirable in this matter"...

Indonesia's sprawling nickel industry is creaking under the weight of its own success, as a production surge drags down prices and a shortage of ore forces even the country's own smelters to curb output....

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One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company....